Bridger's Corporation has 200,000 shares of $5 par common stock issuedand outstanding. Bridger's Corporation also has 50,000
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Bridger's Corporation has 200,000 shares of $5 par common stock issuedand outstanding. Bridger's Corporation also has 50,000 shares of $100, 5% par cumulative preferred stock. In 2020, Bridger's had net income of $3,000,000. The number of shares of both common and preferred stock has not changed during the year, and the preferred stock dividends were paid at the end of 2020. What are the common earnings per share (EPS) for 2020? Round to the nearest cent.
$18.5
$13.50
13.75
18.75
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